EthereumLong
Bullish ETH 3-16 -22
The reason I am bullish on ETH is thatETHUSD it is still in an uptrend is bouncing off support,
Also at the end of the last run, it consolidated for three months, after the previous run it has been consolidating for almost a full 3 months again. It is also forming a strong breakout pattern of a symmetrical triangle. Bitcoin is also following the same indicators. By Wednesday of next week at the latest, we should have more confirmation on the direction ETH will be headed.
Right now I am setting a target entry of 2400 with a stop at 2100 and a target of around 4600.
ETHUSD it is still in an uptrend is bouncing off support, Also at the end of the last run, it consolidated for three months, after the previous run it has been consolidating for almost a full 3 months again. It is also forming a strong breakout pattern of a symmetrical triangle. Bitcoin is also following the same indicators. By Wednesday of next week at the latest, we should have more confirmation on the direction ETH will be headed.
Right now I am setting a target entry of 2400 with a stop at 2100 and a target of around 4600.
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